1/7/25

US stocks hit the skids with tech titans tumbling

The tech heavyweights that drove the stock market higher in the first few sessions of the year undid major indexes on Tuesday.

The S&P 500 fell 1.1%, the Nasdaq 100 retreated 1.8%, and the Russell 2000 dropped 0.7% on the session.

The iShares 20+ Year Treasury Bond ETF slumped after data showed US job openings unexpectedly rose in November and the Institute for Supply Management’s December survey for the services sector pointed to stronger-than-anticipated activity, which contributed to the downturn in the stock market.

The so-called Magnificent 7 hit the skids, with all declining and, with the exception of Alphabet, all down more than 1%.

Nvidia opened up more than 2% at an all-time high on the heels of CEO Jensen Huang’s keynote address at CES Monday evening before lurching to the downside in a vicious reversal. However, companies that Huang shouted out as key partners for the chip designer, like Micron, Accenture, KION GROUP, and Toyota, all performed well.

Tesla tanked, as the deterioration in the company’s fundamentals seemingly caught up with the stock, at least for one day.

Apple gave back 1.1% amid a rare downgrade to “sell” from a member of the Wall Street analyst community.

Palantir was the worst-performing member of the S&P 500, giving back 7.8% in its biggest one-day decline since May.

Bank of America booked a solid gain, leading its industry after receiving an upgrade to “buy” from UBS.

Getty and Shutterstock both soared as investors warmly received the announcement of a merger of the two stock-image firms.

Moderna also rallied strongly amid hopes that its development of a bird-flu vaccine will bear fruit.

More speculative, thematically oriented pockets of the market, like SoundHound AI as well as quantum-computing companies Rigetti Computing and D-Wave Quantum, came under intense selling pressure.

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S&P 500 goes nowhere, Nasdaq 100 hits another record, small-caps tumble

Warner Bros. Discovery led gains for the second day in a row, and only three S&P 500 sector ETFs finished in the green.

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9/12/25

Rocket lab soars to new record close amid rally for retail faves

Rocket Lab ripped by roughly 10% Friday to close at a new all-time high, riding an upturn of retail enthusiasm for a coterie of tech-themed favorites, even as the broader market was more or less flat on the day.

Goldman Sachs’ basket of “retail favorites” — its heaviest weights are Reddit, AppLovin, and Tempus AI — was the second-biggest gainer among the company’s flagship US equity baskets on Friday, rising about 1.6%. The S&P was almost dead flat.

It’s not Rocket Lab’s first retail rodeo, as the money-losing company has more than doubled this year and is up nearly 700% over the last 12 months.

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markets

9/12/25

Six Flags pops after reiterating its guidance as theme park attendance rebounds

Six Flags shares rose more than 7% today after the company reported a rebound in attendance and early season pass sales heading into the fall. The nine-week period ended August 31 saw 17.8 million guests, up about 2% from the same stretch last year, with stronger momentum in the final four weeks.

More importantly, Six Flags reaffirmed its full-year adjusted EBITDA guidance of $860 million to $910 million, showing confidence that its cost and operations strategy can stay strong for the duration of the year. Riding that wave, Six Flags also said early 2026 season pass unit sales are pacing ahead of last year, and average season pass prices are up about 3%.

The good vibes come despite a drop in in-park per-capita spending, especially from admissions, where promotions and changes to attendance mix (which parks or days guests visit) have weighed. Earlier this week, the amusement giant signed a new agreement that extended its position as the exclusive amusement park partner for Peanuts™ in North America through 2030.

Despite the rally, Six Flags shares are down about 52% year to date.

markets

9/12/25

Rivian turns red on the year, squeezed by a recall and the looming end of the EV tax credit

Shares of EV maker Rivian are down more than 5% on Friday following the company’s recall of 24,214 vehicles due to a software issue. The stock move erases Rivian’s year-to-date gain and turns the company negative on the year.

Rivian’s 2025 model year R1S and R1T are affected by the defect, which was identified after a vehicle’s hands-free highway assist software failed to identify another vehicle on the road, causing a low-speed collision. Rivian said it’s released an over-the-air update to fix the issue.

The recall marks Rivian’s fifth this year, affecting nearly 70,000 of its vehicles.

Rivian’s shares are down more than 20% from their 2025 high, which came prior to the passage of President Trump’s “big, beautiful bill.” Through the legislation, the $7,500 EV tax credit is set to expire at the end of the month.

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